was here in the 50's. around the corner up here was a hamburger stand. look, right here, see this? this was here for years and years. must have just closed down. ocie henderson was my best friend growing up, he says the idyllic oakland i knew began to fade in the 1960's. then, after that, the businesses started moving out. already trapped in a long decline, the latest recession hammered oakland, in just three years, unemployment surged to more than 17 percent. on my old street, i met michael elliot, an out of work auto mechanic. at age 45rks he had to move back in with his parents. >> it seems like it's really bad. if i didn't have my parents to fall back on, i would probably be homeless. >> reporter: things are even worse in east oakland, the epicenter of misery. in this mostly black and latino neighborhood, violent crime is so bad, it is nicknamed the "killer corridor." >> you don't have a whole lot of positive things going on.